Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 205. (Read 907229 times)

And why in the world would any man want more than one woman!?  That is the question I have always had for polygamists! 

i tried to take out 40k via coinbase in december and failed.  but the larger point is that even if coinbase does not fail, or you use local exchange, whatever, then trying to move the fiat thereafter is not necessarily going to work well.  you may be better off spending btc.

This is why I'm buying a substantial amount of btc before my trading break rather than cashing everything out and buying back in the trend reversal - the risk of the two fiat transactions - cashing out and depositing back in, will outweigh the gain on the trade of whatever is left of the downtrend at this point. Who knows if... by that point maybe my bank will have put some block on bitcoin exchanges and I won't even be able to get back in as it's breaking out.

i tried to take out 40k via coinbase in december and failed.  but the larger point is that even if coinbase does not fail, or you use local exchange, whatever, then trying to move the fiat thereafter is not necessarily going to work well.  you may be better off spending btc.

Well, here in the US, I don't expect any problems, but I guess we'll find out soon.  I mean, certainly I wouldn't be the first person to test Coinbase's $50,000 limit, right?  And since they have already done KYC, it shouldn't be a problem, should it?

As I said, your country and how far info fascism it has fallen may vary. I am just saying that my personal experience is that if you have a job and your employer deposits your salary into your account and you use that money to pay your bills then you'll probably be fine, if you actually use your account for anything then you get your account frozen and you have to go through all sorts of hoops to prove your perfectly normal activity was perfectly legal. The same happens if you have funds in another country or even just another bank and you move more than pocket change into your bank account.

As I said, you may live in a country where fascism has not yet risen to this level and if you do then you're lucky - for now. I will not risk having more in a bank than I need to pay bills in the very near future and I hope it will be possible to pay utility bills and such in BTC or in another way that bypasses banks in the future.

It really does not help that you made your perfectly legal money in a perfectly legal way when your bank account is frozen and you have to go through all kinds of hell to get access to your funds again.

And why in the world would any man want more than one woman!?  That is the question I have always had for polygamists! 

One husband is quite enough for any woman!   

And why in the world would any man want more than one woman!?  That is the question I have always had for polygamists! 

Always happy when I can save a marriage I bet your marriage longterm trendline points upwards, but make sure it's not this way: http://xkcd.com/605/

I was going to tell him but it is better if it doesn't come from the wife!

I was going to tell him but it is better if it doesn't come from the wife!

We more people feeling like this, the sooner and bigger the breakthrought. C'mon pink, spread some more FUD

Bolded the important part for you

Was this in the US?  Or what country?

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

I personally try to keep my local bank account balance as close to zero as possible, I move money into it so I have enough to pay bills and expenses the coming month and that's it. No way I'm trusting those fascist control-freaks with anything more than strictly required. You can not pay rent or utility bills with cryptocurrency and it is also not possible to use cash for that anymore so I have to use banks to some extent (you can go to a bank and pay bills cash at a outrageous fee but they demand you show your ID and waste half an hour asking you stupid questions about it because it's such suspicious).

I agree with you to a certain extent, and I would definitely never sell more than a small portion of my hodlings. For sure this would be the case if we're talking about btc stable at say $100.000. But there might be a much earlier bubble peaking at that amount, and maybe some money would be nice (even necessary) to survive meanwhile, before bitcoin is truly widespread...

When Bitcoin is worth a lot, maybe you wont have to (want to) "cash out" any more? What do you think are the circumstances for Bitcoin to be worth say $100,000. I don't think it'd be sensible, maybe not even feasable, to exchange for cash since either everyone will accept BTC or noone will want any USD, or both.